Shanghai Commercial Bank Provides $85M Loan For Maiden Lane Hotel In FiDi

Shanghai Commercial Bank has provided a loan of $85,000,000 for a hotel located at 151 Maiden Lane in the Financial District (FiDi) market. The property is owned by Richard Lou of LCRE Group. The deal was facilitated by brokers Dustin Stolly and Jordan Roeschlaub from Newmark Knight Frank.

Summary of transaction details

• Property Type: Hotel
• Transaction Amount: $85,000,000
• Date: 02/19/2019
• Address: 151 Maiden Lane
• Market: FiDi

The loan provided by Shanghai Commercial Bank represents a significant financial commitment for the hotel property. Richard Lou, the landlord and owner of LCRE Group, played a key role in the deal. The transaction was facilitated by brokers Dustin Stolly and Jordan Roeschlaub from Newmark Knight Frank, who worked in representing the parties involved.